Bank of Canada 50-bps-cut not a ‘sure thing’: Economists on the jobs numbers --[Reported by Umva mag]

Unemployment rate falls, raising doubts about a bigger interest rate cut

Oct 11, 2024 - 15:50

Bank of Canada 50-bps-cut not a ‘sure thing’: Economists on the jobs numbers --[Reported by Umva mag]

Jobs data for September came in stronger than expected, as the economy created almost double the number of positions forecast by economists, pushing the unemployment rate down to 6.5 per cent from 6.6 per cent — the first time it has fallen since the start of the year. Read More

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